How do I buy/sell shares?
You may give instructions, in person at
our premises, by telephone, email, fax, snail mail, or via text
messaging. AXYS Stockbroking Ltd (ASL) allows you to choose all of
the above or pick and choose your preferred method via our
"Indemnity Agreement" during the process of opening an
How can I start investing?
What is the minimum amount I have
You may begin investing in securities
quoted on the SEM through us by opening an account. To open an
account. Click here
There is no required minimum. A minimum
of 1 share in a listed company needs to be purchased.
How can I pay for the
You may transfer funds directly to our
bank account or send us a cheque in favour of AXYS Stockbroking
Ltd; while we do accept cash, there are restrictions and would
require added information with regards to its provenance.
When do I have to settle/pay
Trades are settled at 10:00 (GMT+4) on
the third business day following the trade. ie we would require
that the funds be in our accounts by latest . T+3 @ 10am
How will AXYS pay me when I sell
After execution, AXYS will mail you a
crossed cheque - unless otherwise specified - on T+3
What is the market price of a
A given share's market price is the last
price at which the stock traded on the normal board, ie in bundles
of 100 shares.
Can I buy/sell at market?
Yes, it is possible to buy or sell
shares at market price; however, this may require patience as there
are others in the queue ahead of you waiting to buy/sell.
Alternatively, buyers and sellers may have placed their respective
bids and offers at lower or higher than market prices.
By how much do share prices
What is the 'odd lot' board?
The minimum price movement is called the
"tick-size" and tabulated below for your convenience.
|Price < Rs1
|Rs1 ≤ Price < Rs10
|Rs10 ≤ Price < Rs50
|Rs50 ≤ Price < Rs100
|Rs100 ≤ Price < Rs500
|Rs500 ≤ Price < Rs1000
|Price ≥ Rs1000
The odd lot board is platform on which
it is possible to buy/sell between 1 and 99 shares. Odd lot trade
executions do not affect the market price of the stock, with the
noteworthy exception of SITLH options.
I own share certificates. What do I
do with them?
The share certificate is proof of share
ownership issued by the company itself. Given that it is a physical
item, it can be damaged, lost or destroyed. We recommend that you
deposit the share certificate with the CDS just like you would
place your money at the bank.
I own share certificates. How do I
In order to sell the share certificates,
you would have to open - if you do not already have one - a CDS
securities trading account with us. Once opened, we will then
deposit the shares - can take anywhere between 5 and 10 business
days - after which the shares will be made available for
I inherited shares/share
certificates following the demise of a relative. How do we
If you wish to sell the shares, our team
will assist you with the opening of a CDS account in the name of
the Estate and the deposit of share certificates. We would require
authorization of ALL heirs to proceed and the proceeds from the
sale would be made in the name of the estate. Should you wish to
distribute the shares, our team will assist you with the withdrawal
of shares from CDS. Your notary would then have legal authority to
evenly distribute shares to every heir, and new share certificates
would then have to be issued by the company. Once the new shares
certificates have been issued, our team will help you re-deposit
the stocks with the CDS.
What is the CDS?
The Central Depository & Settlement
Co Ltd or CDS, is the centralised depository and clearing house for
trades executed on the SEM. ie All purchased/sold shares are
credited to/debited from the respective accounts upon receipt of
funds from the Central Bank on the third day after execution at
How much will it cost to open an
AXYS Stockbroking does not charge for
the opening of a securities trading account.
How much will each trade
The maximum total brokerage fees will
stand at 1.25% of the value of the trade. This fee includes AXYS
Brokerage charges, SEM fees, CDS fees, and FSC charges.
How soon can I invest?
You may start trading immediately as
soon as your account has been opened.
What is a Contract Note?
Also referred to as a "Bought Note" or
"Sold Note", the contract note, is your official receipt and legal
proof that you have purchased or sold the given securities.
What are dividends? How much will I
A dividend is a share of a company's
profit distributed out to shareholders. Dividend policies are
company dependent and vary from year to year, making it an inexact
science to estimate dividend pay-outs.
What is a good stock to invest
That is the million dollar question. The
answer is not straight forward, and depends on your risk appetite,
return expectation and investment time frame. AXYS Strockbroking's
Research team provides regular in-depth fundamental analysis and
valuations of select listed companies; however, prevailing market
conditions can supersede fundamentals.